Brookstone Capital Management Has $414,000 Stock Position in Hewlett Packard Enterprise (NYSE:HPE)

Brookstone Capital Management raised its holdings in shares of Hewlett Packard Enterprise (NYSE:HPE) by 16.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 19,414 shares of the technology company’s stock after acquiring an additional 2,727 shares during the period. Brookstone Capital Management’s holdings in Hewlett Packard Enterprise were worth $414,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Czech National Bank grew its holdings in shares of Hewlett Packard Enterprise by 6.4% during the fourth quarter. Czech National Bank now owns 281,578 shares of the technology company’s stock worth $6,012,000 after buying an additional 16,821 shares in the last quarter. Graypoint LLC lifted its holdings in shares of Hewlett Packard Enterprise by 2.6% during the fourth quarter. Graypoint LLC now owns 36,295 shares of the technology company’s stock worth $775,000 after buying an additional 936 shares in the last quarter. First Hawaiian Bank increased its holdings in shares of Hewlett Packard Enterprise by 16.2% during the fourth quarter. First Hawaiian Bank now owns 30,611 shares of the technology company’s stock worth $654,000 after purchasing an additional 4,258 shares during the period. Fulton Bank N.A. increased its position in shares of Hewlett Packard Enterprise by 27.7% in the fourth quarter. Fulton Bank N.A. now owns 13,501 shares of the technology company’s stock worth $288,000 after purchasing an additional 2,928 shares during the period. Finally, Oliver Luxxe Assets LLC increased its stake in Hewlett Packard Enterprise by 2.5% in the fourth quarter. Oliver Luxxe Assets LLC now owns 237,451 shares of the technology company’s stock valued at $5,070,000 after acquiring an additional 5,689 shares during the last quarter. Institutional investors and hedge funds own 80.78% of the company’s stock.

Hewlett Packard Enterprise Stock Performance

Shares of HPE stock opened at $23.16 on Friday. Hewlett Packard Enterprise has a one year low of $14.47 and a one year high of $24.24. The company has a market cap of $30.46 billion, a P/E ratio of 12.19, a P/E/G ratio of 2.05 and a beta of 1.20. The firm has a 50-day moving average of $21.83 and a 200-day moving average of $20.31. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.29 and a quick ratio of 0.99.

Hewlett Packard Enterprise Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Shareholders of record on Friday, December 20th were given a dividend of $0.13 per share. The ex-dividend date was Friday, December 20th. This represents a $0.52 annualized dividend and a dividend yield of 2.25%. Hewlett Packard Enterprise’s dividend payout ratio is currently 27.37%.

Analyst Ratings Changes

HPE has been the subject of several research reports. Loop Capital increased their price objective on shares of Hewlett Packard Enterprise from $18.00 to $24.00 and gave the company a “hold” rating in a research note on Monday, December 9th. Raymond James upgraded Hewlett Packard Enterprise from an “outperform” rating to a “strong-buy” rating and increased their price target for the company from $23.00 to $29.00 in a research note on Monday, November 18th. Morgan Stanley upgraded Hewlett Packard Enterprise from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $23.00 to $28.00 in a research report on Thursday, December 5th. Susquehanna reaffirmed a “neutral” rating and issued a $20.00 target price on shares of Hewlett Packard Enterprise in a report on Friday, October 11th. Finally, Citigroup raised Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and lifted their price target for the company from $23.00 to $26.00 in a research note on Friday, December 6th. Six analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $24.00.

Insider Transactions at Hewlett Packard Enterprise

In other news, Director Gary M. Reiner sold 50,000 shares of the firm’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of $23.47, for a total transaction of $1,173,500.00. Following the completion of the sale, the director now directly owns 104,192 shares of the company’s stock, valued at $2,445,386.24. This trade represents a 32.43 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP John F. Schultz sold 262,818 shares of Hewlett Packard Enterprise stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $21.62, for a total value of $5,682,125.16. Following the sale, the executive vice president now owns 270,430 shares in the company, valued at $5,846,696.60. The trade was a 49.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 332,166 shares of company stock worth $7,300,629 in the last 90 days. Insiders own 0.40% of the company’s stock.

About Hewlett Packard Enterprise

Hewlett Packard Enterprise Company provides solutions that allow customers to capture, analyze, and act upon data seamlessly in the Americas, Europe, the Middle East, Africa, the Asia Pacific, and Japan. It operates in six segments: Compute, HPC & AI, Storage, Intelligent Edge, Financial Services, and Corporate Investments and Other.